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RSA 382-A:13-302 · Security Interest Perfected Before Effective Date
382-A:13-302 Security Interest Perfected Before Effective Date. – (a)Continuing perfection: perfection requirements satisfied. A security interest that is enforceable and perfected immediately before the effective date of this article is a perfected security interest under this chapter if, on the effective date of this article the requirements for enforceability and perfection under this chapter are satisfied without further action. (b)Continuing perfection: enforceability or perfection requirements not satisfied. If a security interest is enforceable and perfected immediately before the effective date of this article but the requirements for enforceability or perfection under this chapter are not satisfied on the effective date of this article, the security interest:
Copy linkis a perfected security interest until the earlier of the time perfection would have ceased under the law in effect immediately before the effective date of this article or the adjustment date;
Copy linkremains enforceable thereafter only if the security interest satisfies the requirements for enforceability under Section 9-203 before the adjustment date; and
Copy linkremains perfected thereafter only if the requirements for perfection under this chapter are satisfied before the time specified in paragraph (1). Source. 2022, 281:81, eff. Jan. 1, 2023. 2023, 236:91, eff. Oct. 7, 2023.
Copy linkSource note
Source. 2022, 281:81, eff. Jan. 1, 2023. 2023, 236:91, eff. Oct. 7, 2023.
Source history
- 2022, 281:81, eff. Jan. 1, 2023
- 2023, 236:91, eff. Oct. 7, 2023
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installment sale, or other similar agreement to acquire use or ownership of such equipment as is from time to time required by the municipality. For purposes of this section and RSA 382-A, building or facility improvements related to the installation, purpose, or operation of such equipment shall be deemed to constitute equipment and the costs of such improvements may be financed through lease agreements
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2026 HB1748
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V. Any mortgage, pledge, or security interest made by the authority under this chapter shall be valid and binding and shall be deemed continuously perfected for the purposes of RSA 382-A and all other laws from the time when the mortgage, pledge, or security interest is made. The property or revenues so mortgaged, pledged, or subjected to a security interest then held or thereafter acquired or received
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2026 HB1748-FN
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2026 SB56
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rfected from the time when the security document is executed with or without any subsequent physical delivery or segregation of the money and without any filing or recording under RSA 382-A or otherwise] A pledge of property, revenues, or other collateral by the authority to secure the payment of principal or redemption price of, or interest on, any bonds, or any reimbursement or similar agreement with any